JPMorgan’s Jamie Dimon Big Pay Cut

JPMorgan Chase said that it will dock the pay of CEO Jamie Dimon by more than half. It's the latest fallout from an embarrassing trading loss at the bank last year. Its ripple effects have already been numerous, forcing Dimon to appear contritely before Congress. This caused the bank to be placed squarely in the cross hairs of regulators and lawmakers. The pay cut didn't come as a surprise on Wall Street, but what set it apart was that it amounted to a reprimand from the bank against a CEO who remains popular and well regarded.